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REGISTERED NUMBER: 01294935 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Walter Dix (Heating) Limited

Walter Dix (Heating) Limited (Registered number: 01294935)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walter Dix (Heating) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J D Bolam
S R Dix





SECRETARY: S R Dix





REGISTERED OFFICE: 1 Stirling Court
Eleventh Avenue North
Team Valley
Gateshead
NE11 0JF





REGISTERED NUMBER: 01294935 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Walter Dix (Heating) Limited (Registered number: 01294935)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,848 57,177

CURRENT ASSETS
Stocks 158,921 163,272
Debtors 5 52,624 74,356
Cash at bank 406,215 477,124
617,760 714,752
CREDITORS
Amounts falling due within one year 6 431,559 558,029
NET CURRENT ASSETS 186,201 156,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,049

213,900

PROVISIONS FOR LIABILITIES 17,232 8,252
NET ASSETS 250,817 205,648

CAPITAL AND RESERVES
Called up share capital 5,004 5,004
Share premium 196 196
Retained earnings 245,617 200,448
250,817 205,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Walter Dix (Heating) Limited (Registered number: 01294935)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:





S R Dix - Director


Walter Dix (Heating) Limited (Registered number: 01294935)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Walter Dix (Heating) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures, fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Website costs - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Walter Dix (Heating) Limited (Registered number: 01294935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to Plant and fittings
property machinery & equipment
£    £    £   
COST
At 1 July 2022 5,000 3,639 92,887
Additions - 631 -
Disposals - - -
At 30 June 2023 5,000 4,270 92,887
DEPRECIATION
At 1 July 2022 4,999 3,625 73,701
Charge for year - 161 2,878
Eliminated on disposal - - -
At 30 June 2023 4,999 3,786 76,579
NET BOOK VALUE
At 30 June 2023 1 484 16,308
At 30 June 2022 1 14 19,186

Walter Dix (Heating) Limited (Registered number: 01294935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Website
vehicles costs Totals
£    £    £   
COST
At 1 July 2022 91,803 16,400 209,729
Additions 52,137 - 52,768
Disposals (14,212 ) - (14,212 )
At 30 June 2023 129,728 16,400 248,285
DEPRECIATION
At 1 July 2022 57,828 12,399 152,552
Charge for year 20,686 1,000 24,725
Eliminated on disposal (10,840 ) - (10,840 )
At 30 June 2023 67,674 13,399 166,437
NET BOOK VALUE
At 30 June 2023 62,054 3,001 81,848
At 30 June 2022 33,975 4,001 57,177

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 44,358 58,749
Prepayments 8,266 15,607
52,624 74,356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other loans 70,000 70,000
Trade creditors 107,976 190,770
Tax 23,643 32,771
Social security and other taxes 39,139 44,831
Other creditors and accruals 21,056 23,428
Customer deposits 169,745 196,229
431,559 558,029

Walter Dix (Heating) Limited (Registered number: 01294935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 41,868 41,868
Between one and five years 94,203 136,071
136,071 177,939